Finance as culture

It is commonplace to wager on the growth of wallets, accounts, people, videos, memes, art, transportation, media, space, you name it. Financial coordination at-scale is very different from the financialization of everything. The degree to which we gravitate toward shared social experiences has not changed, but the medium has shifted toward digital ... See more

When people talk about web3 merging culture and finance, or “financializing culture,” these are some of the many examples they’re talking about. Financializing sounds like a dirty word, but put another way, it’s giving people a chance to earn money while they do what they find fun.

Some of these things will help provide people with unparalleled job flexibility, financial liquidity, and global work opportunities. But new layers of financialization and impersonal markets, particularly if not carefully considered by companies and well-versed policy-makers, have the potential to lead to damaging outcomes. As always, technology is... See more